PAMT (NASDAQ:PAMT) Trading 0.7% Higher – Here’s What Happened

Shares of PAMT Corp. (NASDAQ:PAMT) traded up 0.7% on Thursday . The stock traded as high as $10.87 and last traded at $10.77. 15,401 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 20,802 shares. The stock had previously closed at $10.70.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of PAMT in a report on Monday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $13.00.

PAMT Stock Up 0.7%

The company has a quick ratio of 1.77, a current ratio of 1.79 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $225.42 million, a P/E ratio of -4.22 and a beta of 0.83. The company has a fifty day moving average price of $10.26 and a 200-day moving average price of $11.81.

PAMT (NASDAQ:PAMT) last announced its quarterly earnings results on Friday, October 31st. The company reported ($0.27) EPS for the quarter. PAMT had a negative net margin of 8.81% and a negative return on equity of 12.07%. The firm had revenue of $150.26 million for the quarter. As a group, research analysts forecast that PAMT Corp. will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On PAMT

Several large investors have recently bought and sold shares of PAMT. Goldman Sachs Group Inc. purchased a new position in shares of PAMT in the 1st quarter worth $705,000. NJ State Employees Deferred Compensation Plan purchased a new stake in shares of PAMT during the 2nd quarter valued at about $515,000. MAI Capital Management bought a new position in shares of PAMT in the 2nd quarter valued at about $740,000. HHM Wealth Advisors LLC purchased a new position in PAMT in the second quarter worth about $50,000. Finally, Bridgeway Capital Management LLC purchased a new position in PAMT in the second quarter worth about $2,202,000. Institutional investors own 22.06% of the company’s stock.

About PAMT

PAMT Corp. is a holding company, which engages in the provision of truckload and logistics services through its subsidiaries. Its freight consists primarily of automotive parts, expedited goods, consumer goods, such as general retail store merchandise, and manufactured goods, such as heating and air conditioning units.